Two-Building Retail
For Sale
$385,000
10502 Mineral Wells Highway, Weatherford, TX 76088
Highway-fronting commercial site with office amenities and a second building suited for renovation or replacement.
Property Size1,885 SF
Price / SF$204.24
Days on Market84
Property Features for 10502 Mineral Wells Highway
General Information
Standard status
Active
Size
1,885 SF
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
SOURCE 1 REAL ESTATE
Listed By:
Marty Logan (940) 325-9144 · License #0587020
(940) 325-9144
Source:
Findtexashomesforsale
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 12 at 7:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SOURCE 1 REAL ESTATE
Investment Insights
Based on property information with market context.
This retail property includes two buildings with separate water taps. The primary brick structure measures 1885 sf and includes a private office, conference room, and break area; it was remodeled in 2016. Co-Op water and septic serve the property. A second building of approximately 1200 sf was formerly configured as a convenience store and may be remodeled or removed for a different commercial use.
The site offers approximately 200 ft. of frontage on US 180 at the intersection of US 180 and FM 113 S, just north of the new Allsup's marketplace. Access to I-20 and US 180 connects the property with Weatherford, Mineral Wells, and the surrounding western Parker County market.
The site offers approximately 200 ft. of frontage on US 180 at the intersection of US 180 and FM 113 S, just north of the new Allsup's marketplace. Access to I-20 and US 180 connects the property with Weatherford, Mineral Wells, and the surrounding western Parker County market.
Key Highlights
- Two‑building retail property with 2 water taps
- Primary brick building measures 1885 sf
- Private office, conference room, and break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,331
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,620
$606.6K
Cap Rate 7%
$433,300
$433.3K
Cap Rate 9%
$337,011
$337.0K
Market Conditions
NOI Build-Up for 1,885 SF
Gross rent
$45.5K $24.12/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$43.3K $22.99/SF
− OpEx
−$13.0K −$6.90/SF
NOI
$30.3K $16.09/SF
Area
Parker County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,620
Cap Rate 7%
$433,300
Cap Rate 9%
$337,011
Alternative Uses
Best Use
Retail
$433.3K
$379.1K – $505.5K
NOI $30,331 @ 7.0% cap · market cap 7.88%
Second Best
Office B
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 6.21%
Theoretical Best
Industrial
$1.87M
$1.64M – $2.19M
NOI $131,114 @ 7.0% cap · market cap 34.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 76088, TX
13,794
Population
5,573
Households
2.5
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
161.5 sq mi
ZIP Area
85
Density / Sq Mi
$107,431
Median Household Income
$53,282
Median Earnings
$1,443
Median Rent
$374,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Highway-fronting commercial site with office amenities and a second building suited for renovation or replacement.
Where is this retail space located?
The property is located at 10502 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑building retail property with 2 water taps; Primary brick building measures 1885 sf; Private office, conference room, and break area
